Tuesday, May 29, 2012

Reuters: Mergers News: Marubeni says to buy Gavilon for $3.6 bln

Reuters: Mergers News
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Marubeni says to buy Gavilon for $3.6 bln
May 29th 2012, 07:37

TOKYO | Tue May 29, 2012 3:37am EDT

TOKYO May 29 (Reuters) - Marubeni Corp, Japan's fifth-biggest trading house, said on Tuesday it would buy 100 percent of U.S. grain merchant Gavilon Holdings LLC for $3.6 billion.

Gavilon is the third-biggest U.S. grain merchant in terms of the size of its marketing network, behind Archer Daniels Midland and Cargill, and also has large energy and fertiliser trading assets.

Owners of Gavilon include hedge fund manager Dwight Anderson and billionaire investor George Soros.

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